European futures are signalling a high open following a positive session in Asia overnight. The Hang Seng rose over 1 percent following Chinese Premier Li Keqiang’s latest comments on the economy. Analysts believe China could implement measures to boost stimulus after a string of deteriorating data has shown the economy is struggling. The benchmark index headed toward its biggest weekly advance since April 2013. Despite the strong week, the Hang Seng remains 3 percent lower this year, the biggest first-quarter drop since 2009.
The euro remained near a three-week low as speculation intensified that the European Central Bank might ease policy further. The euro, which has been under heavy selling pressure with bond yields have decreased recently following the speculation. Investors will be keeping a close eye on German Prelim CPI data later this morning which could add to a stronger case for easing.